Coherus BioSciences Inc (CHRS)

[MiamiGent]

$CHRS +16.59% today!

Been in about half a year. Expecting continuation, including this week. Next news will be bonds paid off. Upon that news, the significant short hedge should begin covering, adding a steady supply of fuel to the already good news of product sale closing.

The bond payoff news could be in days.

Focus on the float- it's small. And the short is BIG.

With a commercial product growing very nicely, an exciting pipeline, $250M cash, and very little debt after the imminent bond retirement, this can be either a "set it and forget it" stock, or a swing trade.

Careful scalping. With such a large short interest, it could snap up.

If the "boys" get on this, it could run. A new posse appeared on ST today

Under $1 still seems like a terrific level to me.

All in my opinion.

NOTE: You must do your own due diligence (research on this stock and the stock market). I am not a stock advisor. You are responsible for whatever you do. The stock market is very dangerous. You can lose all your money. Many have.

Today's Close:
CHRS $0.9746+$0.1387 (+16.593%)
Volume
4,196,851
90 Day Avg. Vol.
3,617,044
Day Range
Low $0.8621 High $0.99